Harrison, most active luxury home market for 1Q

Westchester County is still the “number one choice for luxury buyers in our region,” says a new report from Houlihan Lawrence that looked at first quarter sales 2013.

Harrison stands out as the county’s leader in luxury sales. There were five houses sold during the first three months for a median sale price of $2,850,000 with the single highest price of $3,455,000.

Houlihan Lawrence, which is a major player in luxury sales, reports that in this market segment sales were down during the first quarter by at least 30 percent, but that it is still where buyers look for distinctive and elegant homes.

For reference sake, luxury homes are those priced at $2 million or more in Westchester County and $1 million or more in Putnam County.

In Westchester for the first quarter of 2013, 21 homes in this category sold in the first quarter as opposed to 30 in the first quarter of 2012. In the $3 million to $5 million category, six homes were sold during the first quarter of 2013 and ten in the first quarter of 2012.

In Putnam County there were eight homes sold in the first quarter of 2013, compared with five homes in the first quarter of 2012.

The most active luxury market for the first quarter was Harrison with five homes sold, followed by Byram Hills, Mamaroneck and Rye City, then Scarsdale, Bronxville, Chappaqua and Irvington.

In Putnam County the most active luxury market was in Philipstown within the Haldane school district.

To check out the full report, follow this link to www.houlihanlawrence.com

A reporter at The Journal News since 1997, Barbara Nackman has covered municipalities, schools and communities in Westchester and Putnam counties. She now writes about real estate issues and trends in the lower Hudson Valley.